Replacement of New Pension Scheme with Old Pension Scheme: Govt. reply in Lok Sabha
There is no proposal under consideration to replace the National Pension System (NPS) with old pension scheme - Govt. replied in Lok Sabha
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
UNSTARRED QUESTION NO: 1524
ANSWERED ON: 04.03.2016
Replacement of New Pension Scheme
SUKHBIR SINGH JAUNPURIA
Will the Minister of FINANCE be pleased to state:-
(a) whether the Government proposes to replace the New Pension Scheme (NPS) with old pension scheme; and
(b) if so, the details thereof and the reasons therefor?
ANSWER
The Minister of State in the Ministry of Finance
(a) & (b) there is no proposal under consideration to replace the National Pension System (NPS) with old pension scheme in respect of Central Government employees recruited on or after 01.01.2004.
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